Race Horse Betting Strategies – 3 Secret Betting Methods Revealed

Using race horse betting strategies effectively is one of the methods employed in the professional sports betting circles to produce consistent, regular and long-term profits. Forget wasting your money on the 20/1 long shot hoping for a large payout, this is exactly what the bookmakers want you to do. The key to success is in the continual growth produced by regular small wins and controlled losses. The following are 3 strategies often used by the professionals to accumulate profits: 

1. Laying The Field.

With the creation of the betting exchanges allowing person to person betting (primarily Betfair) the ability to lay or back against a horse now became widely available to all. Not just the preserve of the bookmakers. One method of using this effectively is to lay the field in-running at odds under 2. If 2 or more horses are matched during the race, you will end up in profit whilst having risked less than the value of your stake. The key to this method is in the careful selection of the races that are likely to be the most keenly contested over the latter stages.

2. Place Betting Only.

Instead of simply backing a horse to win, or betting each-way, Betfair gives you the opportunity to back a horse to place i.e. to finish in the first 3 or 4 in the race depending on the number of runners. Because Betfair does not reduce the positions on which it pays out when a non-runner is declared, it is quite possible to be paid on the first 3 places in a race with 7 or less horses. This method will produce a very consistent and sustainable strike rate.

3. Each Way Betting.

Betfair, whilst being a valuable tool, does not offer the traditional each-way bet in the same form as the bookmaker, and there is a way of applying this known as the “each-way steal” that puts the odds firmly in your favour. The bookmakers hate to take these bets, but have no choice. In certain races, where you have 8 or 9 runners and a strong favourite, the each-way odds on the second or third favourite will often pay statistically above the true price for the place part of the bet. Backing the horse each-way and laying part of the win on Betfair can therefore produce long-term profits. 

These are just a few of the strategic approaches that can be used on horse racing alone, but similar techniques can be used across all sports.

Looking For Gambling Tips and Advice? Try These Starter Strategies

A quick look at the world of gambling tips reveals at least two general categories for guidelines and hints to help you win money online. Long-time writer and casino expert Gayle Mitchell offers a list of single-sentence tips that leave the thinking to the player. This sort of tip is self-explanatory and easy to follow.

For example, Mitchell’s workshops and seminars advise casino players to change $1, $5, $10 and $20 bills into coins, then carry the coins in a bucket so that you can judge your bankroll based on the contents of the bucket. This might be great advice for someone who finds it much too easy to snap that folding money off the roll.

If you’re an online player, there are similar gambling tips, such as setting specific limits for each session at the computer. For example, a player might have 1,000 points or dollars in the account and set a limit of losing 100, or 200. (The idea of when to quit is the subject of numerous articles, seminars and blogs.)

The other category that fits under the gambling tips umbrella would be gambling strategy. This advice may require more than few words to really be useful. But strategy tips are also crucial to success in a live casino or online.

An example: You can’t make a straight in poker without a 5 or a 10. That may seem to be simple enough as it is, but when you are looking at two hole cards and the three-card flop in Hold ‘Em this small tidbit becomes part of your overall strategy. This is also true when you are playing video poker and have to decide which cards to hold onto.

Of course, these two categories may not cover all the descriptions of casino tips, but they should be enough to start any player on the road to a little more success. Any assistance is welcome when you’re trying to win money online, right?

A Few Good Tips

On this subject, thousands of pages have been written, and thousands of words have been spoken. It’s impossible to cover even half of the great gambling tips and casino tips in one sitting. However, we’ll list a few of the best bits of gambling strategy in the interested of getting started.

In the video poker world, Mitchell suggests asking the moneychangers where casino employees play video poker. This could lead you to the best two or three machines in the building. She also urges video-poker enthusiasts to know about full pay and short pay. Full-pay machines offer maximum payback for the type of game – $99 out of each $100 that is bet, for example. Look at the payout tables and see if you are at a full-pay machine (nine coins for a full house and six for a flush.)

In video poker, you can throw away all five cards. Some experts gambling strategy say that a player will, over time, toss out all five cards once in every five or six hands.

Key gambling tips: Among the best bets in any casino, according to Mitchell, are a select number of slots and the full-pay video poker games. The best bet for blackjack is a table where the dealer has to stand on 17. According to this expert, keno, big wheel and double-zero roulette should be at the bottom of everyone’s play list. The bottom line for every player: Be an educated casino visitor. Check out the Frugal Gambling books by Jean Scott.

When it comes to true gambling strategy, the thinking cap has to go one and the player must devote a little more time to each issue. Let’s look at a great example from John Robison about slot play and the issue of playing full coins.

Key gambling tips: Robison and many have asked whether the additional risk of full-coin slots is rewarded with higher payback. Since this guy has a master’s degree in computer science and analysis, his study of more than 1,000 slot machines might be a good indicator of what to expect.

In the interest of keeping things simple for now, here are a few of his recommendations.

o With a straight multiplier machine, you are wasting time if you put more than one coin in at a time. Same goes for bonus multiplier.

o Play full coin on buy-a-pay machines, multi-line and on hybrid machines.

o Play full coin an progressives.

Among gambling tips, dozens of systems have been developed and tried as part of gambling strategy. For instance, the Martingale system included the advice to double the bet after every loss, so that with the first win the player would recover what was lost previously. This could work, but since each gambling event stands alone, it might take a minute or a lifetime to hit that first win.

Of course there are probabilities and expected value and so on, but if your chances are 1 in 10,000, you might have to wager 9,999 times to hit that one win. You may also lose 100,000 times before hitting ten in a row. The best advice among gambling tips would probably be: do what the winners do and hope for the best.